Helios & Matheson Information Technology Ltd. (HMIT IN):
The Indian software developer said the nation’s capital markets
regulator imposed a fine of 5 million rupees ($109,000) on Jan.
31, citing violation of regulations, according to a statement on
the National Stock Exchange on Feb. 11. The company will appeal
to the Securities Appellate Tribunal, it said. The stock added
1.6 percent to 31.8 rupees.

Hindalco Industries Ltd. (HNDL IN): India’s largest
aluminum maker reported a 7.7 percent gain in third-quarter
profit in a statement to the Bombay Stock Exchange on Feb 12.
Net income climbed to 4.6 billion rupees, or 2.40 rupees per
share, in the three months ended Dec. 31. The median profit
estimate of 19 analysts surveyed by Bloomberg News was 5.53
billion rupees. Hindalco lost 2.2 percent to 210.95 rupees.

India Cements Ltd. (ICEM IN): The company was raised to
“buy” from “hold” at JM Financial Institutional Securities
by equity analyst Jay Asher. The 12-month target price is 100
rupees per share. The stock rose 0.2 percent to 89.95 rupees.

Reliance ADA Group Companies: Billionaire Anil Ambani’s
group said in an e-mailed statement Feb. 12 that the Central
Bureau of Investigation examined “a few” of its officials,
after reporting it knows the brokers who spread “sensational
charges” that caused shares of group companies to tumble on Feb.
9. The bureau “is reportedly examining a large number of
telecom companies and their officials” on “various matters
relating to the years 2001 to 2008,” Reliance ADA Group said. Reliance Communications Ltd. (RCOM IN), which is scheduled to
report earnings today, rose 0.6 percent to 97.15 rupees. Reliance Infrastructure Ltd. (RELI IN) rose 5.4 percent to
617.15 rupees. Reliance Power Ltd. (RPWR IN) rose 2.5 percent to
114.9 rupees.